Speculation is rife as to the imminent end of the bear market. Crypto industry players are already thinking about the next bull cycle and how cryptocurrency will eclipse fiat currency in the next few years. More and more analysts believe that bitcoin (BTC) and ether (ETH) will experience exceptional growth in the coming cycle. But Raoul Pal, a former Goldman Sachs executive and co-founder and CEO of research firm Real Vision, believes it’s a contender who will lead the industry’s growth in this coming period.
Solana (SOL) has every chance!
Solana’s growth during the next bull market, is likely to outpace that of the rest of the crypto industry. This was indicated by the economist Raoul Pal, in the last emission from the program ask me anything, published on Youtube. According to him, even if the blockchain is criticized for its repetitive breakdowns, it is attracting more and more investors. Moreover, these outages do not prevent the network from having a very high activity and experiencing growth, he said.
“I like Solana. I understand that she continues to suffer from technical failures. If it survives the crisis, remains one of the biggest crypto protocols, and has more activity than any other blockchain outside of Ethereum, then the likelihood of Solana leading the next upward cycle is very high. for me (…) It is a safe bet for me”said Raoul Pal.
Pal also explained why he remains bullish on cryptos, despite the economic situation and the difficult environment. “What outperforms the depreciation of fiat currencies? There are only two things in the world. These are cryptos: Bitcoin and Ethereum and technology stocks. Those two things are all age-old trends in technology.”he explained.
Raoul Pal is convinced that the bear market in the crypto markets will soon come to an end. For him, the interest of investors, the dynamism of the activity and the growth on Solana, make the blockchain the candidate which will drive the growth of the sector during the next bull market. He also predicts that the newfound growth of cryptos will lead to a depreciation of fiat currency.
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